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Daily Real Estate News: Tighter Legal Oversight, Affordable Housing and Expanding Urban Development

Vietnam’s real estate market is seeing notable developments involving legal conditions, housing supply and genuine end-user demand. In Tan Hiep Ward, nine of the 19 announced projects or project components were found not to have sufficient conditions for business operations, involving thousands of land lots and homes. In contrast, Lam Dong is working to resolve obstacles for 206 projects, helping unlock more than VND93.4 trillion in investment capital. Social housing also remains a focus, with 511 apartments at the Trang Due project in An Duong Ward expected to be offered for rent from VND2.3 million per month. Many businesses are optimizing land funds, design and construction methods in an effort to keep home prices within the reach of middle-income buyers. Regarding investment trends, experts say property speculation for short-term gains is facing increasing liquidity risks and tighter management requirements. Land plots are unlikely to recover through speculative fever alone and i...

Daily Real Estate Briefing: Speculation Tightens, Projects Unblocked and Social Housing Expands

The real estate market is showing a clear divergence between speculative activity and substantive development demand. According to experts, property flipping is facing increasing liquidity risks as management measures are tightened. Land plots are unlikely to recover through speculative fever as they did in the past, but instead need to be supported by real infrastructure, reasonable prices and actual residential demand in urbanizing areas. Nevertheless, investors with available cash are still searching for deeply discounted properties that can generate rental income. From the perspective of local development, Lam Dong is removing obstacles for 206 projects, helping unlock more than VND 93.4 trillion in investment capital. In Tay Ninh, momentum from industry, logistics, tourism and interregional infrastructure is expanding the urban development area and stimulating housing demand. Can Gio, meanwhile, is considered to need more middle-income housing and synchronized infrastructure to ...

Real Estate Briefing: Investors Hunt Discounted Assets as Housing Policies and Major Projects Advance

The real estate market continues to show mixed developments as investors seek opportunities during a period of slow liquidity while financial pressure remains high. Land plots are considered unlikely to return to the speculative fever seen in the past and instead need to be supported by actual infrastructure, reasonable prices and residential demand in urbanizing areas. Meanwhile, investors with available cash are looking for deeply discounted properties, especially assets capable of generating rental income. In contrast, many owners of townhouses and villas in southern Vietnam are accepting losses of billions of dong because of financial leverage, although finding buyers remains difficult. In Ho Chi Minh City, several new policies and proposals have attracted attention. The city has proposed allowing certain illegally constructed buildings to remain under conditions if they meet requirements relating to planning, safety, remediation and payment of fines. Developers, trading floors a...

Daily Real Estate Briefing: Ho Chi Minh City Tightens Data Updates as Markets Diverge and Major Projects Expand

Vietnam’s real estate market, particularly in Ho Chi Minh City, is seeing notable changes in management, transactions and support policies. Developers, trading floors and brokerage businesses are required to update project and transaction information as soon as changes occur instead of waiting for periodic reports. The city has also raised the framework for apartment management service fees to 600-13,700 VND per square meter per month, with the maximum level nearly double the previous regulation. Notably, Ho Chi Minh City has proposed compensation support ranging from 28% to 100% of the land compensation price for buyers of homes and land acquired through handwritten agreements between after July 1, 2014 and before August 1, 2024. In the first 10 months of the year, the city’s real estate business service revenue was estimated at VND 373,011 billion, up 10.8% year on year. Market liquidity is becoming increasingly segmented. Investors with available cash are taking advantage of deep ...

Daily Real Estate News: A Fragmented Market and Shifting Capital Flows

The real estate market is recording mixed developments. In southern Vietnam, many investors in townhouses and villas who used financial leverage are accepting losses of billions of dong to recover capital, yet are still struggling to find buyers. Land plots are also becoming increasingly difficult to sell as speculative cash flows withdraw, exploitation potential remains limited and the risk of capital being tied up rises. Meanwhile, young people remain cautious about taking out home loans because apartment prices exceed their accumulation capacity and lending rates fluctuate. For apartments nearing handover that are being offered at discounted prices, buyers are advised to pay attention to their remaining payment obligations after the principal repayment grace period ends. On a positive note, real estate business service revenue in Ho Chi Minh City during the first 10 months of the year was estimated at VND 373.011 trillion, up 10.8% year on year. The city has also proposed support ...

Daily Real Estate Briefing: Support Policies, Apartment Supply and New Projects

The real estate market recorded several notable developments, ranging from changing investment preferences to support policies and project implementation. Land plots are becoming increasingly difficult to sell as speculative capital retreats, while this segment offers limited income-generating potential and carries the risk of tying up capital. Meanwhile, apartment prices remain beyond the accumulation capacity of many buyers, and fluctuating loan interest rates are making young people cautious about borrowing for several decades, despite their housing needs. Limited land resources are also putting pressure on the supply of inner-city apartments, pushing new projects toward expanding areas and causing Hanoi’s apartment market to become increasingly segmented. For apartments nearing handover that are being offered at reduced prices, buyers may have greater room to negotiate but should pay attention to the remaining payment obligations after the principal grace period ends. In terms of...

Daily real estate briefing: Thu Thiem, apartment supply and new projects

The real estate market recorded several notable developments in major urban areas. In Ho Chi Minh City, the city is considering incentive policies to attract an outlet center project, including land-rent exemptions, tax reductions, interest-rate support and a 50% reduction in administrative processing time. The city also allocated nearly 4.3 hectares of land in the Thu Thiem New Urban Area to Dai Quang Minh Company as payment for the BT contract to build Ba Son Bridge. Meanwhile, a project of nearly 3,800 apartments in Thu Thiem is expected to require total investment of more than VND 39.8 trillion, including the starting price of the land and existing assets as well as construction investment costs. Phat Dat has started construction on the first five towers of the Qtopia project in the Phuoc Hai coastal area of Ho Chi Minh City, while Phu Long inaugurated and handed over the Essensia Sky and Parkway Saigon WorldHotels Residences complex, covering about 3 hectares with nearly 500 produ...

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